PGA Tour seeks extension on commercial deal with Saudis, private investors

The PGA Tour’s agreement with the Saudi backers of LIV Golf is expiring and Commissioner Jay Monahan wants more time. Monahan is telling players in a memo that it has made enough progress in negotiations to take them into 2024. Monahan also says it has made meaningful progress with the private investment group Strategic Sports Group. That’s a consortium of U.S. professional team sports owners. The more complicated negotiations are with the Public Investment Fund of Saudi Arabia. Monahan is describing those conversations as active and productive. So there’s still no deal. And the new PGA Tour season starts Thursday.